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CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Retained Stock Earnings $ 12,000 $ 5,000 Total Stockholders Equity $ 17,000 3,000
CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Retained Stock Earnings $ 12,000 $ 5,000 Total Stockholders Equity $ 17,000 3,000 3,000 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 13,000 $ $ 6,000 $ 19,000 Grers) Problem 1 structions: Below are incomplete financial statements. Calculate the missing amounts for a, b, c, d, e, f, g, h, and i below and record the final answers in the space provided. Income Statement $11,000 Revenues Expenses: Salaries Rent Advertising Net income Statement of Stockholders' Equity Common Retained Stock Earnings Beginning $15,000 $8,000 Issuances Net income 3,000 Dividends Ending $18.000 $9.000 . 7.000 (b) ssets: esh Balance Sheet Liabilities: $6,000 Accounts payable (e) Stockholders' Equity: 7,000 Common Stock 14,000 Retained Earnings Oplies 11dors
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